Refund administrator 'in no rush' for sale

Refund Home Loans administrator SV Partners is under increasing pressure to finalise a promised sale of the business, as claims mount that it is "dragging its heels" and is facing more franchisee departures

The reality is that its not in SV's best interest to wind this up quickly because they are getting paid very well to keep working on it which is ultimately using the money that the Refund franchisees are rightfully owed and not receiving. the whole process has been a joke and at the end of the day SV are richer, Wayne walks away with his millions to start another scam and the suckers that bought in will have nothing to show for it.

SV Partners have been given another offer from other bidders which is better than State Home Loans offer. The aggregator will stay the same and the offer is not subject to finance and in the franchisees interests. The offer is being looked over through solicitors now.